Sack Lunch Productions Inc (SAKL)

[Blizzld]

Ill be honest, I like this company, i am all over the reason for their existence, the play on the future of "Experiences" over "stuff you buy" . it is exactly the type of thing I want to be involved in and have been talking about even since before I heard of them. I did (due to my own fault) miss a chance to finish my review of this and get in early a while back when I got distracted by something else. The thing that held me up is this share structure. It was messy and continues to be a potential cap.

I do believe owners and those who have ponied up have the right to make money too. And I give high marks for the accurate and quick response to a question by the CEO.

There are a few other things going on. I believe the company has to continue to pick up franchisees who are not performing. I noticed the Philly slide was cancelled? And something in Minnesota was cancelled in an unusual way as the franchisee couldnt get the preparations in place. These are not SAKL created issues but common with franchisees and dealing with events. SAKL for its part did an amazing job on the Philly deal trying despite the craziness offered by city officials.

There is lots to like here but the bottom line is price is affected by stock supply.

Personally I think unless the stock is restricted it might be better to just unleash them all get rid of the convertible and let it fall so it can build knowing that rain just wont fall from the skies every time 6 million shares are releaased.

Also I have been trying to find out what the franchise deals are like , anyone have any info? The reason I ask is that company events show revenue to bottom line. Franchise events show franchise fee revenue and usually royalties etc which will be less gross but provide profits and limit even success risk to just less income (not expenses over income)

I looked everywhere but cannot find what type of deals these guys are signing with franchisees.??